Technical Analysis for BIB - ProShares Ultra Nasdaq Biotechnology

Grade Last Price % Change Price Change
grade D 43.92 2.09% 0.90
BIB closed up 2.21 percent on Friday, October 11, 2019, on 1.61 times normal volume. The price action carved out a bearish shooting star candlestick pattern. That may indicate a downside reversal. Look for price to trade beneath the low of the shooting star for confirmation.

Trend Table & Recent Signals
ADX Long-Term Intermediate-Term Short-Term
Strong Down Down Up
See historical BIB trend table...

Date Alert Name Type % Chg
Shooting Star Candlestick Bearish 2.09%
Non-ADX 1,2,3,4 Bearish Bearish Swing Setup 2.09%
Doji - Bearish? Reversal 2.09%
Gapped Up Strength 2.09%
Up 3 Days in a Row Strength 2.09%
Stochastic Reached Oversold Weakness 4.35%
Oversold Stochastic Weakness 4.35%
Narrow Range Bar Range Contraction 7.15%
NR7 Range Contraction 7.15%
Inside Day Range Contraction 7.15%

Older signals for BIB ...

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Profile
The investment seeks daily investment results that correspond to two times (2x) the daily performance of the Nasdaq Biotechnology Index®. The fund invests in securities and derivatives that ProShare Advisors believes, in combination, should have similar daily return characteristics as two times (2x) the daily return of the index. The index is a modified capitalization weighted index that includes securities of NASDAQ listed companies that are classified as either biotechnology or pharmaceutical according to the Industry Classification Benchmark ("ICB") which also meet other eligibility criteria determined by NASDAQ. The fund is non-diversified.
Exchange Traded Funds Stock Market Index Biotechnology Nasdaq Economy Of New York City Nasdaq 100 Nasdaq Biotechnology Total Return Index
Is BIB a Buy, Sell or Hold?
Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength
Summary: Counts: 0 bullish, 4 bearish and 1 neutral indicators. You may wish to incorporate that into your trading strategies.
Indicators
Indicator Value
52 Week High 61.6
52 Week Low 36.05
Average Volume 115,119
200-Day Moving Average 49.7703
50-Day Moving Average 45.4087
20-Day Moving Average 43.8671
10-Day Moving Average 41.808
Average True Range 1.5356
ADX 27.04
+DI 22.669
-DI 29.0969
Chandelier Exit (Long, 3 ATRs ) 43.5732
Chandelier Exit (Short, 3 ATRs ) 44.2068
Upper Bollinger Band 48.9099
Lower Bollinger Band 38.8243
Percent B (%b) 0.42
BandWidth 22.991262
MACD Line -1.1977
MACD Signal Line -1.1788
MACD Histogram -0.0188
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 44.52
Resistance 3 (R3) 44.60 44.17 44.27
Resistance 2 (R2) 44.17 43.79 44.14 44.19
Resistance 1 (R1) 43.60 43.56 43.89 43.52 44.10
Pivot Point 43.17 43.17 43.32 43.14 43.17
Support 1 (S1) 42.60 42.79 42.89 42.52 41.94
Support 2 (S2) 42.17 42.56 42.14 41.85
Support 3 (S3) 41.60 42.17 41.77
Support 4 (S4) 41.52